Cumulus Media (CMLS) Misses Q3 EPS by 6c

Go back to Cumulus Media (CMLS) Misses Q3 EPS by 6c

Cumulus Media (CMLS) Still Buy Rated at Noble Financial Following Q3 Results, Outlook

November 11, 2014 10:35 AM EST

Noble Financial affirms Cumulus Media (Nasdaq: CMLS) at Buy with a price target of $8 following Q3 results and guidance.

Analyst Michael Kupinski noted the following key points:

Third quarter revenues were largely in line with our estimates, which anticipated a soft advertising environmentAdvertising trends... More